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2897

O-Bank TWSE:2897 Stock Report

Last Price

NT$8.25

Market Cap

NT$22.5b

7D

2.5%

1Y

9.9%

Updated

05 Oct, 2022

Data

Company Financials
2897 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

2897 Stock Overview

O-Bank Co., Ltd. provides various banking services to corporate clients in Taiwan.

O-Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for O-Bank
Historical stock prices
Current Share PriceNT$8.25
52 Week HighNT$11.30
52 Week LowNT$7.48
Beta0.33
1 Month Change-5.39%
3 Month Change-1.90%
1 Year Change9.85%
3 Year Change8.55%
5 Year Change-6.57%
Change since IPO-17.50%

Recent News & Updates

Shareholder Returns

2897TW BanksTW Market
7D2.5%-2.5%-1.7%
1Y9.9%5.9%-16.9%

Return vs Industry: 2897 exceeded the TW Banks industry which returned 5.9% over the past year.

Return vs Market: 2897 exceeded the TW Market which returned -16.9% over the past year.

Price Volatility

Is 2897's price volatile compared to industry and market?
2897 volatility
2897 Average Weekly Movement3.2%
Banks Industry Average Movement2.8%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 2897 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2897's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19981,649Elton Leehttps://www.o-bank.com

O-Bank Co., Ltd. provides various banking services to corporate clients in Taiwan. It offers corporate banking services, including short- and long-term financing for working capitals, guarantees, syndications, and factoring, as well as general trade finance, cross-strait banking, and forfaiting services. The company also provides trade financing services, such as export and import financing services; and project finance and syndicated loan products.

O-Bank Fundamentals Summary

How do O-Bank's earnings and revenue compare to its market cap?
2897 fundamental statistics
Market CapNT$22.53b
Earnings (TTM)NT$1.75b
Revenue (TTM)NT$8.42b

12.9x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2897 income statement (TTM)
RevenueNT$8.42b
Cost of RevenueNT$0
Gross ProfitNT$8.42b
Other ExpensesNT$6.68b
EarningsNT$1.75b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.64
Gross Margin100.00%
Net Profit Margin20.72%
Debt/Equity Ratio442.0%

How did 2897 perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

47%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2897 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2897?

Other financial metrics that can be useful for relative valuation.

2897 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2897's PE Ratio compare to its peers?

2897 PE Ratio vs Peers
The above table shows the PE ratio for 2897 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.4x
2849 EnTie Commercial Bank
12.3xn/aNT$27.6b
2809 King's Town Bank
17.2x56.8%NT$37.0b
2845 Far Eastern International Bank
12.3xn/aNT$38.7b
2838 Union Bank of Taiwan
23.7xn/aNT$56.5b
2897 O-Bank
12.9xn/aNT$22.5b

Price-To-Earnings vs Peers: 2897 is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (16.4x).


Price to Earnings Ratio vs Industry

How does 2897's PE Ratio compare vs other companies in the Asian Banks Industry?

Price-To-Earnings vs Industry: 2897 is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the Asian Banks industry average (8.6x)


Price to Earnings Ratio vs Fair Ratio

What is 2897's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2897 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2897's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2897 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2897 (NT$8.25) is trading below our estimate of fair value (NT$8.63)

Significantly Below Fair Value: 2897 is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is O-Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.4%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as O-Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has O-Bank performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2897 has a high level of non-cash earnings.

Growing Profit Margin: 2897's current net profit margins (20.7%) are higher than last year (18.1%).


Past Earnings Growth Analysis

Earnings Trend: 2897's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: 2897's earnings growth over the past year (13%) exceeds its 5-year average (10.9% per year).

Earnings vs Industry: 2897 earnings growth over the past year (13%) exceeded the Banks industry 1.6%.


Return on Equity

High ROE: 2897's Return on Equity (5.9%) is considered low.


Discover strong past performing companies

Financial Health

How is O-Bank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: 2897's Assets to Equity ratio (11.5x) is moderate.

Allowance for Bad Loans: 2897 has a sufficient allowance for bad loans (511%).

Low Risk Liabilities: 56% of 2897's liabilities are made up of primarily low risk sources of funding.

Loan Level: 2897 has an appropriate level of Loans to Assets ratio (37%).

Low Risk Deposits: 2897's Loans to Deposits ratio (74%) is appropriate.

Level of Bad Loans: 2897 has an appropriate level of bad loans (0.3%).


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Dividend

What is O-Bank current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.64%

Current Dividend Yield

Dividend Yield vs Market

O-Bank Dividend Yield vs Market
How does O-Bank dividend yield compare to the market?
SegmentDividend Yield
Company (O-Bank)3.6%
Market Bottom 25% (TW)2.5%
Market Top 25% (TW)6.9%
Industry Average (Banks)3.9%
Analyst forecast in 3 Years (O-Bank)n/a

Notable Dividend: 2897's dividend (3.64%) is higher than the bottom 25% of dividend payers in the TW market (2.55%).

High Dividend: 2897's dividend (3.64%) is low compared to the top 25% of dividend payers in the TW market (6.93%).


Stability and Growth of Payments

Stable Dividend: 2897's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2897's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.9%), 2897's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Elton Lee

2.58yrs

Tenure

Mr. Fangyuan Lee, also known as Elton, serves as President at O-Bank Co., Ltd (also known as O-Bank Co., Ltd.) since February 01, 2020 and serves as its Acting Chief Risk Officer since April 16, 2021. He s...


Leadership Team

Experienced Management: 2897's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: 2897's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 2897?
Owner TypeNumber of SharesOwnership Percentage
Public Companies207,439,3207.6%
Institutions493,092,10718.1%
General Public1,014,682,02137.1%
Private Companies1,016,256,55237.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 20 shareholders own 62.85% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.14%
Ming Shan Investment Co., Ltd.
386,271,554NT$3.2b0%no data
10.58%
Yi Chang Investment Co., Ltd.
289,007,997NT$2.4b0%100%
10.51%
Tai-Hsuan Investment Co., Ltd.
287,135,501NT$2.4b0%no data
5.43%
Hengtong Machinery Co., Ltd.
148,374,456NT$1.2b0%no data
3.8%
China Steel Corporation
103,847,695NT$856.7m0%no data
3.8%
ADI Corporation
103,847,695NT$856.7m0%no data
3.39%
Chailease Finance Co., Ltd., Asset Management Arm
92,694,047NT$764.7m0%no data
3.32%
Quanzhou Taiya Investment Co., Ltd.
90,627,346NT$747.7m0%no data
2.73%
The Vanguard Group, Inc.
74,552,000NT$615.1m3.51%no data
2.48%
Hung Sheng Construction Ltd.
67,827,000NT$559.6m0%no data
1.31%
Taiwan Cement Corp.
35,764,625NT$295.1m0%no data
0.48%
Norges Bank Investment Management
13,049,648NT$107.7m0%no data
0.45%
Dimensional Fund Advisors LP
12,213,533NT$100.8m-0.5%no data
0.1%
BlackRock, Inc.
2,845,078NT$23.5m-0.7%no data
0.088%
Fubon Asset Management Co., Ltd.
2,404,114NT$19.8m0%0.02%
0.082%
State Street Global Advisors, Inc.
2,228,260NT$18.4m-1.28%no data
0.073%
BNY Mellon Asset Management
2,002,000NT$16.5m3.09%no data
0.041%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
1,133,000NT$9.3m8.32%no data
0.031%
American Century Investment Management Inc
856,430NT$7.1m0%no data
0.0039%
Northern Trust Global Investments
106,000NT$874.5k0%no data

Company Information

O-Bank Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: O-Bank Co., Ltd.
  • Ticker: 2897
  • Exchange: TWSE
  • Founded: 1998
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: NT$22.535b
  • Shares outstanding: 2.73b
  • Website: https://www.o-bank.com

Number of Employees


Location

  • O-Bank Co., Ltd.
  • No. 99, Tiding Boulevard
  • Sec. 2
  • Taipei
  • 114
  • Taiwan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2897TWSE (Taiwan Stock Exchange)YesCommon StockTWTWDAug 2004
2897ATWSE (Taiwan Stock Exchange)PFD A TWD10TWTWDJan 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.